I have a plot of land that I would like to build a 6 unit building on right in the center of town, but I would like to bring on a financial partner.

I've recently considered buying a plot of land and building a home for myself from the ground up. 

Net investment income tax is effectively a surcharge and assessed when taxpayers income exceed a certain threshold.

Plot the PI ratio over the life of a typical mortgage.

The reason they do not allow 100% of the rental income is because they assume 25% will get eaten up with maintenance, repairs, management, etc (they are effectively accounting for your properties operating expenses) With that said, they place a cap on the qualifying rental income at your PITIA (principal, interest, taxes, insurance, association fees).

We've got a lot to talk about in 2022. The past 2 years created unique challenges for us all. Let's share some of those obstacles and how we overcame them. There is strength in numbers. 

Keep in mind the tools that you are provided are just tools, some of them will be effective and some are off.  

Upper/Lower ~ 1,000 sq fot per floor, plus basement storage/laundry and a large garage.moved into the lower Aug1.20% down, on effectively $125K... appraised then for $140K, more now (appreciation plus repairs)Bank gets* $728/mo  Upper tenant pays $755 (still well below market) ( insurance of ~ $59/mo and water $25/mo not escrowed)* i was paying $1000/mo all-in at my 1br ~ 550 sq foot apartment  rent/garage rent/insurance/utilities etc..**2**While i was under escrow on #1 my father had passed away.

All of which have different approaches and cost ramifications.Many investors compound their losses by hiring any contractor interested in their job because they don’t understand or have the skillset to cultivate, communicate, evaluate, or manage contractors effectively.

Below are a list of items I ran into that hopefully you can skip:Bought a Frankenstein triplex (wires, plumbing, venting, all crossed multiple units) - Any time I had a repair it usually effected multiple units and drywall/paint/flooring had to be replaced.Utility Companies - I was charged $3k in one month for a sewer bill.